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They can be involved in a variety of activities including economic development, education, community organizing and real estate development. These organizations are often associated with the development of affordable housing. The first community development corporation in the United States was the Bedford Stuyvesant Restoration Corporation. [1]
The East Los Angeles Community Union (TELACU) is a nonprofit community development corporation (CDC) founded in 1968 for the purpose of servicing disadvantaged communities in Eastside, Los Angeles through economic development. [1]
The LAEDC workforce development includes the Center for a Competitive Workforce partnership with the region’s 19 community colleges, that integrates LAEDC’s research, industry cluster work, business assistance and intelligence as the locus of strategic, programmatic, public policy, and transactional activities to strengthen the Los Angeles ...
Century Community Development, Inc. was created to qualify as a Community Development Financial Institution (CDFI) in the early years of that program. In 2010, Century Housing (the parent organization) was certified as a CDFI, and this entity was no longer needed. Century Community Children's Centers, Inc. owned Century's children's centers.
The California Department of Housing and Community Development (HCD) is a department within the California Business, Consumer Services and Housing Agency that develops housing policy and building codes (i.e. the California Building Standards Code), regulates manufactured homes and mobile home parks, and administers housing finance, economic development and community development programs.
The CDFI Fund and the legal concept of CDFIs were established by the Riegle Community Development and Regulatory Improvement Act of 1994. Broadly speaking, a CDFI is defined as a financial institution that: has a primary mission of community development , serves a target market, is a financing entity, provides development services, remains ...
Through the tribally-chartered Karuk Community Development Corporation, the Karuk Tribe also has administered salmon fisheries enhancement projects, acquired and expanded a retail business, planned a small manufacturing plant, assisted a number of local people in starting small business enterprises, and staffed Workforce Development personnel ...
The California Housing Finance Agency (CalHFA), established in 1975, is an independent California state agency within the California Department of Housing and Community Development that makes low-rate housing loans through the sale of taxable and tax exempt bonds. [2] [3]